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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
Exim Bank seeks more leveraging room for disbursals

27-08-2014| Source:PTI

Owing to lack of leveraging room of both the Exim Bank and Export Credit Guarantee Corporation (ECGC), the bank was facing constraints in extending project finance for lack of enough insurance cover.

NREGA spiked rural wages only 10%, rest is from MSPs: Rajan

18-08-2014| Source:PTI

Reserve Bank Governor Raghuram Rajan has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas."On the NREGA (National Rural

Will report EBITDA margin of 8% this year: NCC  

13-08-2014| Source:Moneycontrol.com

quarter, the company has an order book of Rs 90,860 crore, which gives the company about 3-year visibility. The net loss of Rs 3 crore is on the back of high interest burden, increased charges for bank

RBI revises guidelines on mortgage guarantee companies

09-08-2014| Source:PTI

The revision of guidelines on mortgage guarantee companies came after RBI received representations from the industry.

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